Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
18th Dec when they released a new update telling everyone.
Have to say I still do not hold out much hope for this but the direction the new board are taking is positive. Having the meeting broadcast online is another positive step, RP previously held all public meetings in person only in Gibraltar.
Let's give the new leadership time and see where it takes us.
I sold some at around the 60p mark. Like I say I had written this off totally so happy for the little holding I have left to sit and see if it performs.
For the record, if I'd sold all my holding at 60p I'd have still been selling at a loss.
Do we know that they are selling on once converted? It might be that they are converting at the lowest possible price, giving them more shares, in anticipation of a rise when they will realise greater gains.
My bigger concern would be why the acquisition has not yet taken place. I don't think it will be a funding issue - they still have $7mil to draw down on the financing agreement and I'm sure the institutional backers would stump up more if that was all that was holding back progress thus a higher share price.
I don't really have a view either way on this, I am stuck here from PCGE days and wrote off this cash a long time ago. One thing is for sure though even if this does come good my opinion of RP will not change.
It is all relative David. £3,000 to me at 23 was unthinkable, if I had that kind of cash at that age I'd do a lot of research and invest wisely and carefully. While also looking to take the risks that lead to a big gain.
The low volume is because we are on the Aquis exchange. I imagine RP is frustrated that this low volume has meant the share price has not sustained a higher price - and possibly activating the warrants. I think this is why the steps are being taken to take us onto another exchange, my guess would be AIM, but we shall see.
swerve pushing the telegram group. People can be invested and not want to join it, like myself. I actually find it quite unprofessional how the Telegram group is pushed so much and posters here will hint of news there that cannot be divulged to those that don't dare sign up to the group. If there is news then the company should announce said news, as they have not I can only surmise there is no news of any value. I've been able to see the supposed news by searching on twitter and Poulden being focused is not news. It's his job.
the converted shares have not hit the market yet so they won't have been able to sell them yet. Once they do you can almost guarantee they will start selling them - why would they take up the option to convert now if not to sell? They can convert at any point in the next 6 months at the agreed price.
I don't envisage they will do a block sell on one day as that would drastically effect the share price and they will want to sell for above 40p. Obviously other issues have happened last night which is having an effect on the share price today, something the syndicate were probably aware of and trying to get the shares in an sold before Putin took the action many saw as inevitable.
The syndicate providing the funding are doing it to turn a profit first and foremost so being able to make a 10% return in one month with very little risk makes perfect sense. If the belief from them was so strong why have the caveat that they can buy shares below market price if the share price is below the agreed convertible price.
As I said hopefully we are at a point in the near future that the share price is at a level where that dilution does not bother us much but the syndicate are going to convert their option to shares every time the share price reaches a certain level. And I can;t say I blame them.
You are not begin accurate about the situation to ignore this fact.
For what it is worth I have belief this deal with complete and see the share price hit a new all time high.
This dilution of shares is minimal but the funding agreement we have allows the syndicate to convert another 5,497,756 whenever they wish.
I'd think the syndicate are going to sell these 499,796 shares pretty quickly and turn a quick profit of 25 grand on a 12th of what they have lent. Obviously the amount we know owe is reduced to 2.75milUSD but I don't think we have any intention of paying that sum back as cash anyway and I expect the full 5,497,756 will be converted at some point over time, which is a much bigger dilution.
Hopefully the share price is at a level where the dilution does not bother us much.
I think it is worth remembering the just over two months ago the company was able to raise 1mil GBP at a premium on the the share price (70p). Since then we have had news of Patrick Young joining the board. It is clear the fund raise was the build the Bridge platform and Patrick has been bought in to assist with that and the regulatory side of things. It would be nonsensical and very short term-ism to launch The Bridge before it was fully ready and of course it was, and is, always going to take time to build the platform. People are looking to make a quick buck but this has never been a ready made product and so it will take time.
In regards to the OTC listing it is frustrating to see no progress but I'd take a guess this has been stalled at the companies request as it will be a lot more beneficial to the share if they launch OTC a round the same time The Bridge is ready to launch as this will generate press and a lot more interest.
I would imagine we are still a few months off yet from seeing The Bridge be anywhere near ready.